Burberry, a designer brand, is prepared to fire up to 1700 workers after suffering losses.
Burberry, a premium fashion brand based in the United Kingdom, recently announced that it may fire up to 1700 workers as part of its cost-cutting measures by 2027.
On Wednesday, May 14, 2025, the upscale English brand, known for its trademark red, black, and beige gingham design, revealed the budget cut. This was done in order to compensate for the company’s GBP 66 million in losses from the previous fiscal year.
It has been reported that the company’s worldwide staff will be reduced by a fifth as a result of these planned layoffs. The possible layoffs at the English brand’s Castleford factory in West Yorkshire will also be taken into consideration.
The decisions taken by Burberry’s head office teams around the world are mostly to blame for these employment layoffs, according to Joshua Schulman, the company’s current CEO. Having said that, he noted that given the bulk of the brand’s employees are situated abroad, the changes will inevitably have the greatest impact on its employees in the United Kingdom.
The conditions at its Castleford factory were referred to as “for a long time we have had overcapacity at that facility, and that is simply not sustainable,” Joshua continued.
He went on to say, “But I want to be very clear that we are making this change to safeguard our UK manufacturing, and in fact we will be making a significant investment to renovate this factory in the second half.”
As a brand, Burberry has been struggling with sales while dealing with a weak demand for luxury goods in general, which is visible in China, the Americas, and other places.
